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[dTraderB]

... so far. If it can't break below this soon, like today, then it's UP gain, with stiff resistance at 1085/90 zone. Unless it breaks one way or the other we are mired in this 1060 to 1090 zone....not much one can do about this in terms of IT trade, but there are good ST scalp opportunities. I was bearish late last week and earlier this week but am getting more bullish now - market has been inundated by 'bad' news but has held up, hasn't really taken a big hit as one would expect. So, I am leaning towards long scalps today and tomorrow but ready to change if SPX closes on an hourly basis below 1060.